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Press ReleaseCan I use a savings account as a current account?
Posted on Tuesday, February 28th, 2023 |
Whether you are planning to grow your wealth with long-term investment, or need a bank account for quick & instant transaction – the banking industry offers a host of products to meet all these requirements. Savings account and current account are two such products. A savings account, is meant for an individual to manager their…
Read moreWhat are Regular Current Account Fees & Charges
Posted on Friday, January 13th, 2023 |
If you run a business and carry frequent and high-value transactions, then you must be aware of current accounts. A current account is meant for businesses & individuals who carry a significantly higher number of transactions with banks. Further, unlink savings account – a current account has a very high upper limit on daily transactions…
Read moreIs current account a liability or an asset for banks?
Posted on Wednesday, January 11th, 2023 |
All businesses, banks and individuals have two main components in their balance sheet – assets and liabilities. Even you have your own assets and liabilities. Your assets are anything you may own outright – such as a car, a house, or cash in a bank account. Your liabilities are considered to be anything that you…
Read more5 Differences between a Current Account and a Savings Account
Posted on Wednesday, January 11th, 2023 |
If you are wondering what is the difference between a current account and a savings account – after all, they are both bank accounts, you are not alone. A lot of us still don’t know the correct answer. To put it in laymen’s terms, a current account is meant for businesses, and a savings account…
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